Ask Pauline a Question

Hi, I’m a personal finance expert who loves to help you out! I’ll answer your question within a business day. Pinky swear.

We ask for your email so we can respond to you directly. We won’t share your personal data. For more information, see our privacy policy.

180,000 Spend $3,000 in first 3 months from approval
ANZ Rewards Black Credit Card
ANZ Rewards Black Credit Card

ANZ Credit Cards

ANZ Rewards Black Credit Card

Updated 15 April 2024

The ANZ Rewards Black is ANZ’s highest-earning rewards card 🏆. It currently has an enormous 180k bonus ANZ Reward Points up for grabs and $150 back on your card (details below). Points can be transferred to Velocity and other frequent flyer programs.

This is a premium card with top-shelf extras. You’ll get complimentary shopping and travel insurances, concierge services, cashback on your spending, an insightful app and up to 9 extra cardholders to help supercharge your points power.

Terms and conditions apply

Points Earn Rate (per $1 spent)

2 points

per $1 up to $5000, 1 pt per $1 over $5,000

Rewards Program

ANZ Rewards

Bonus Points

180,000 pts

Spend $3,000 in first 3 months from approval

Pros and cons

  • Bonus perks. You can get 180,000 ANZ Rewards Points and $150 credited to your card when you spend $3000 on eligible purchases in the first 3 months from approval.
  • Earning points. This card earns 2 Reward Points per $1 on eligible purchases up to and including $5000 per statement period, then 1 point per $1 after that.
  • Insurances. You’ll access a suite of insurances including purchase protection, domestic and international travel insurance and vehicle rental excess cover in Australia.
  • Balance transfer option. Transfer a balance from a non-ANZ card (21.99% p.a. interest rate applies).
  • Lifestyle extras. Use concierge services 24/7 to make life easier, as well as Visa Offers + Perks to access special event pre-sales, movie offers and exclusive member competitions. Use Cashrewards for cashback from online retailers.
  • Digital wallet compatibility. Syncs with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.

  • Slightly higher annual fee because it’s a top-tier card
  • Additional cardholders cost $65 per year review

Editor Review

ANZ Rewards Black Credit Card

Pauline Hatch
Pauline is a personal finance expert at, with 8 years in money, budgeting and property reporting under her belt. about this card.

Who suits the ANZ Rewards Black credit card?

Globetrotter: you love travelling, and get a buzz from earning points that make your trips free and more fun. Deal Digger: you're always on the lookout for freebie perks like insurances, dining discounts and earning points for paying bills. Money Geek: you watch your accounts, and like budgeting and hitting money goals. You want good bang for your bucks.

⚠ Important changes to ANZ's credit card insurance policies: ANZ is making changes to the complimentary insurances on its credit cards which will take effect from 7 June 2024. A summary of the upcoming changes can be found here.

Overall Rating

The ANZ Rewards Black credit card comes with the biggest lump sum of Rewards Points (equal to $650 in gift cards), plus a nice cashback bonus that helps offset the annual fee. It’s fair to say it gives a good impression straight up, and keeps on delivering with the highest rate of points per dollar than any other ANZ card.

It doesn’t earn frequent flyer points directly, but you can redeem your ANZ points for Velocity and other airline programs, giving you lots of flexibility in how you want to use your points.

What I love about the ANZ Rewards Black

The ANZ Rewards Black earns points, offers insurance, organises your pet’s weekly wash and pops cash back in your pocket when you buy shoes. If that sounds like an odd list of duties for a credit card, you’re right - but that’s exactly what this little superstar can do.

I’ll start with the big bonus offer, and then unpack the rest of the card’s features.

Bonus offer: When you sign up for a new card and spend $3000 on eligible purchases in the first 3 months from approval, you can get:

  • 180,000 extra ANZ Rewards Points. It’s ANZ’s biggest bonus points offer.
  • $150 cashback onto your account. The credit is issued within 3 months of meeting the spending criteria.

Note: you won’t be eligible for these bonuses if you have held an ANZ card within the previous 12 months.

Earning ANZ Rewards points

The ANZ Rewards Points are tiered on this card. So, you’ll earn:

  • 2 ANZ Reward Points per $1 spent up to and including $5000
  • 1 ANZ Reward Point for every $1 spent over $5000

That means you can earn unlimited points on eligible purchases, but less once you’ve reached $5000 in a statement period.

Collapsible with Arrow

ANZ says most everyday purchases are eligible. Transactions that aren’t eligible to earn ANZ Rewards points include interest charges, fees, cash advances, cash equivalent transactions, balance transfers, Government Charges (includes but is not limited to payments for goods, services, charges and/or levies made to a local, state or federal government or statutory authorities or related agencies), transactions for gambling or gaming purposes and reversed or refunded transactions.

It’s an excellent idea to read the PDS to see the full list of exclusions.

Redeeming ANZ Rewards points

This is where we see the full flexibility of the ANZ Rewards Black. Earning ANZ Rewards points means you can redeem them directly or transfer them to a frequent flyer program you like. You can redeem points for:

  • Gift cards with retailers such as Woolworths, Bunnings, Myer and Apple
  • ANZ Cashback, where 1250 Rewards Points are equal to $5
  • Merchandise from hundreds of retailers at the ANZ Rewards Store
Or, transfer your points to these frequent flyer programs:
  • Velocity Frequent Flyer
  • Air New Zealand Airpoints
  • Singapore Airlines KrisFlyer
  • Asia Miles

Other extras

This card comes with a host of extras across insurance, discounts and budgeting.

Complimentary insurance.
Insurances help to protect your purchases and make travelling cheaper. The ANZ Rewards Black includes:

Feature How it works
International and domestic travel insurance This travel insurance activates when you spend at least $250 of your travel expenses on the card and you have a return ticket (other eligibility criteria applies). The insurance may cover unexpected expenses such as cancellations, medical expenses, loss or theft of property and more.
Rental vehicle excess cover in Australia This is a truly great feature if you're going to be using a rental vehicle (which includes mini buses and campervans under certain weight limits). You may be able to claim the excess if your rental vehicle is damaged or stolen.
Purchase protection This insurance covers items you bought using the card that are lost, stolen or accidentally damaged, giving you a refund of the original purchase price. There are plenty of exclusions and terms, so read the PDS to understand what you’re covered for.
Extended warranty insurance You may be covered for an extended period if an item you bought using the card breaks down outside of the manufacturer’s standard warranty. For example, if you bought an oven with a one-year warranty, your card will offer another year's warranty on top. Exclusions and limits apply.
ANZ Falcon and Fraud guarantee ANZ has 24/7 fraud monitoring with ANZ Falcon and its ANZ Fraud Money Back Guarantee.

Concierge services.
ANZ’s concierge service is available 24 hours a day. Just call the number and the concierge will help you organise flights, itineraries and accommodation, and book event tickets and restaurants.

You can request help with day-to-day life, like choosing gifts and buying flowers to be delivered. It’s also how you can have your pet grooming organised on autopilot. It’s a nice perk to take some of the mental load out of life.

You can sign up for Cashrewards and earn cashback from over 2000 big brand names when you shop online (and earn ANZ Rewards Points at the same time).

Instalment plans.
You can nominate up to 99 purchases to be paid off in interest-free instalments over 3, 6 or 12 months. You can manage your plans via the ANZ App and cancel anytime without penalty.

Balance transfers.
You can transfer amounts over $100 from eligible non-ANZ credit cards and store cards, as long as you haven’t already reached 95% of your available credit limit. While many banks will turn off interest-free days while you have a balance transfer, ANZ says you’ll still get them if you pay your statement’s Closing Balance each month.

What’s not so great

I’ve given this card a big pat on the back so far, but there are a few things to be aware of.

First, as a premium card the annual fee is high. You’ll need to make sure you’re getting the value out of the points and extras to make it worth the ongoing cost.

Next, ANZ Rewards Points expire. You have 36 months to spend them from 31 December of the year the points were earned. If you close your ANZ Rewards account you have 90 days to use your points before they expire.

Lastly, if you want to add extra cardholders you’ll pay an Additional Cardholder fee of $10 and an annual Rewards Program Service fee of $55 per year ($65 in total per person).

Who suits the ANZ Rewards Black?

This is a card with a variety of benefits and loads of flexibility. It suits travellers, people who want points that turn into freebies, lifestyle extras and ways to save on interest.

User reviews

ANZ Rewards Black Credit Card ( based on 9 user reviews )

57% rating based on 9 reviews

Customer Service

Mr A

10 January 2023

This offer makes it compelling, offering more bonus points than other banks.

Recommends this card

Crusaders Fan

29 November 2022

Besides the sign-up offer it is not worth it. If you take into account the annual fee, plus any extra cardholder fee, and the rewards fee and offset this against the points you earn I don't think it is worth it. I spend about $2,500 monthly and the rewards value from this would hardly outweigh the cost of the fees with this card.

Does not recommend this card


3 January 2022

Fantastic deal if you know how to use it correctly!

Recommends this card

Rates and fees

Interest rates

Purchase rate 20.99% p.a.

Cash advance rate 21.99% p.a.

Interest free period on purchases up to 55 days

Credit limits

Minimum credit limit $15,000

Maximum credit limit N/A

Fees & repayments

Annual fee $375 p.a.

Additional cardholder fee Up to 9 at $65 p.a. each

Foreign transaction fee 3%

Minimum repayment 2% or $25, whichever is greater

Cash advance fee Consumer: 3% (in Australia); 3% of the amount or $4, whichever is greater (for overseas); Commercial: 1.50% or $1.50 whichever is greater

Late payment fee $20

Rewards and points

Rewards program

Rewards Program ANZ Rewards ANZ Rewards

Bonus points 180,000 points

Annual points cap uncapped

Bonus points spend criteria Spend $3,000 in first 3 months from approval

Earning points with this card

ANZ Rewards points 2 points per $1 spent

Points cap per month per $1 up to $5000, 1 pt per $1 over $5,000

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 6 consecutive months

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes


Domestic Travel Insurance

Compatible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay


ANZ Rewards Black Credit Card

This card offers a range of travel perks and more points earning power to help you reach the rewards you want quicker. Earn 2 ANZ Reward Points per $1 spent on eligible purchases up to $5,000 per statement period and 1 ANZ Reward Point per $1 spent on eligible purchases above $5,000 per statement period.

Points can be redeemed for hundreds of different rewards, including merchandise, travel, shopping vouchers, and gift cards. If you don’t have enough points for the reward you want, you can simply make up the difference with cash. This premium card will also give you access to complimentary International and Domestic Travel Insurance (including COVID-19 coverage, T&Cs apply).

Key features

  • 180,000 extra ANZ Reward Points and $150 back to your new ANZ Rewards Black credit card when you spend $3,000 on eligible purchases in the first 3 months from approval
  • Earn 2 ANZ Reward Points per $1 spent on eligible purchases up to $5,000 per statement period
  • Earn 1 ANZ Reward Point per $1 spent on eligible purchases above $5,000 per statement period.
  • Uncapped ANZ Reward Points
  • Redeem points for flights, merchandise, gift cards, cashback and more
  • Complimentary International and Domestic Travel Insurance (including COVID-19 coverage, T&Cs apply)
  • Rental Vehicle Excess in Australia Insurance, Extended Warranty Insurance, and Purchase Protection Insurance
  • Up to 9 additional card holders
  • Compatible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Permanent Australian resident or non-permanent resident with more than 9 months remaining on your Visa

  • You have your personal details ready to complete the online application


Pauline is a personal finance expert at, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

Something you need to know about this card? Ask our credit card expert a question.

104 questions (showing the latest 10 Q&As)



6 May 2024
will international fees be charged if you pay for something online (eg


24 April 2024
is the 3000 limit spend every 3 months


21 April 2024
Can this card be in my name, (personal) but linked to my business that I am the sole director of?
Walter Young

Walter Young

3 April 2024
How long does it take to process and if approved how long does it take to receive a credit card ?

Featured Credit Cards

33 reviews
points earned over 12 months

8 reviews
points earned over 12 months

13 reviews
points earned over 12 months
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.